NAMFISA signs testing agreement for its Sandbox programme

Martin Endjala The Namibia Financial Institutions Supervisory Authority (NAMFISA), on 17 April, officially signed testing agreements with two pioneering innovators in Windhoek, ReferredBy and Ergo Analytics (known as Verime), to participate in its regulatory Sandbox programme. “The NAMFISA regulatory Sandbox initiative represents our strategic vision to promote innovation in both digital and non-digital financial services, while simultaneously enhancing financial inclusion. Under the vigilant supervision of NAMFISA, the Sandbox provides a controlled environment for live tests of innovative products, services, or solutions within specified parameters or limits,” NAMFISA's Chief Executive Officer, Kenneth Matomola said. He emphasized the critical importance of the…